Cboe Global Markets Q3 2025 Financial Results and Strategic Realignment

Cboe Global Markets, Inc. reported its financial results for the third quarter of 2025, achieving record net revenue of $605.5 million, a 14% increase year-over-year. The company also announced a strategic realignment of its business portfolio, including the sale of Cboe Australia and Cboe Canada, discontinuation of U.S. and European Corporate Listings efforts, and cost reductions in several other business areas. The company increased its 2025 organic total net revenue growth target to 'low double-digit to mid-teens' and raised its Data Vantage organic net revenue growth target to 'high single-digit to low double-digit'. Adjusted operating expense guidance for 2025 was lowered to $827 to $842 million. The strategic realignment aims to sharpen the company's focus on core strengths and emerging growth opportunities.